Property Taxes

Council Tax changes in UK may hit Hong Kong property owners

Council Tax will be levied on all empty properties, including vacant rental homes.

Hong Kong owners of British property may find their costs rising following changes to local government charges which came into force last week. The charges, known as Council Tax, will be levied on all empty properties, including vacant rental homes. Occupied abodes will remain taxable in the same way as before.

Wednesday, 17 April, 2013, 5:31am

Shanghai property transactions hit 3-year high new despite curbs

Residential blocks in Shanghai. Photo: AFP

The volume of Shanghai flat transactions hit a 40-month high in March, as speculators raced to get ahead of new property market cooling measures announced by the central government, a report said on Monday.

3 Apr 2013 - 2:16am

Four more cities issue property cooling measures

Shenzhen has tightened rules governing the property market

Shenzhen, Tianjin, Jinan and Hefei have become the latest batch of cities to meet a central government deadline on issuing detailed measures to cool the property market. Tianjin said a 20 per cent capital gains tax would be imposed on second-hand property transactions in the city. However, Shenzhen, Hefei and Jinan did not mention a capital gains tax specifically.

 

2 Apr 2013 - 4:46am

Little hope that latest cooling measures will ease property costs

Major cities have levied a 20 per cent tax on some home sales.

These days, mainlanders and Hongkongers may not see eye to eye on many things - political developments in Hong Kong and even the number of baby formula tins that may be bought, to name two examples. But there is one thing that is sure to rile both sides - property prices soaring far beyond the means of ordinary people.

1 Apr 2013 - 5:32am 3 comments

Big cities announce capital gains tax on second-hand properties

Beijing, Chongqing and Shanghai will levy a 20 per cent capital-gains tax on second-hand property transactions.

Beijing, Chongqing and Shanghai will levy a 20 per cent capital-gains tax on second-hand property transactions.

31 Mar 2013 - 8:01am

K Wah keeps the faith despite curbs

Marinella, a residential joint-venture project by K. Wah International, Sino Land and Nan Fung Development. Photo: Nora Tam

K Wah International, the mid-tier developer, plans to speed up sales of mainland projects to offset the impact of cooling measures on both sides of the border.

7 May 2015 - 12:48pm

Shanghai secondary sales set for record high in rush to beat levies

Cheung Kong's Justin Chiu with a model of the Zhenru units.

Sales of secondary homes in Shanghai may hit a record high this month as sellers rush to avoid having to pay the 20 per cent capital gains tax flagged by the government earlier this month.

27 Mar 2013 - 5:44am

China can afford to let its bubble economy burst

China can afford to let its bubble economy burst

Speculation and corruption have come to dominate China's economy since 2007. The two form a temporary equilibrium to sustain growth, though at increasingly low efficiency, as reflected in the rising inflationary tendency of the economy.

25 Mar 2013 - 2:37am 2 comments

Taxation measures influence market

Policy measures relating to taxation and lending conditions can significantly influence buyers worldwide.

Policy measures relating to taxation and lending conditions can significantly influence buyers worldwide, including luxury home buyers, says Christie's International Real Estate.

20 Mar 2013 - 5:22am

Expats dazed and confused by stamp duty

Some non-permanent residents are rethinking their plans to buy because of the stamp duty. Photo: SCMP

New stamp duties rolled out over the last few months to try and cool the property market have been a big blow for expatriates in Hong Kong - and a matter of some confusion.

7 May 2015 - 12:48pm

Hollande's taxes threaten to end Paris home price boom

Hollande's taxes threaten to end Paris home price boom

Home prices in Paris, up 37 per cent since 2009, are set to end their upward streak as President Francois Hollande cuts property subsidies and raises taxes.

20 Mar 2013 - 5:22am

Legal experts warn against divorces to avoid property tax

People line up at an office to register for marriage or divorce in Shanghai. Photo: AFP

Authorities in several cities in China have noticed a rising number of couples filing for divorce this month after China’s State Council announced on February 20th it would introduce a 20 per cent capital gains tax on profits from second-hand house sales.

14 Mar 2013 - 5:18pm

Singapore property taxes aim to deter foreign speculators

Singapore is worried about a property bubble developing and has introduced tough cooling measures to deter speculators. Photo: Bloomberg

Singapore and Hong Kong are neck-and-neck competitors on so many levels, including their property markets. Prime real estate in both regional hub cities is considered a safe asset class, and one made even more desirable these days by the uncertainty elsewhere.

13 Mar 2013 - 5:26am

Letters to the Editor, March 11, 2013

Limited Wi-fi coverage and complicated login procedures hinder the use of wireless internet technology. Photo: Jonathan Wong

My Wi-fi device at home has become a standard household fixture, but Wi-fi networks outside are still unsatisfactory. Hot spots pop up in shopping malls, coffee shops, restaurants and the MTR. But complicated log-ins with terms and conditions and procedures are frustrating.

11 Mar 2013 - 3:16am 1 comment

How a new tax breaks up marriages on the mainland

A total of 1.96 million couples applied for divorce last year, and only 1.2 million tied the knot. Photo: AFP

Mainland couples are flocking to divorce to avoid a new property sales tax imposed by the government, after it left open a loophole for those who end their marriages.

7 Mar 2013 - 6:12am

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